IN HB1255 | 2019 | Regular Session
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 10 2019 - 25% progression, died in committee
Action: 2019-01-15 - Representative Heine added as coauthor
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 10 2019 - 25% progression, died in committee
Action: 2019-01-15 - Representative Heine added as coauthor
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
529 college savings distributions. Excludes from Indiana adjusted gross income amounts that were withdrawn by a taxpayer from an account owned by the taxpayer under an Indiana education savings program, that were never expended for purposes of an Indiana education savings program, and that were deposited into a qualified retirement account. Removes the power of the education savings authority to establish penalties for withdrawals of money from accounts that are not used exclusively for qualified higher education expenses.
Title
529 college savings distributions. Excludes from Indiana adjusted gross income amounts that were withdrawn by a taxpayer from an account owned by the taxpayer under an Indiana education savings program, that were never expended for purposes of an Indiana education savings program, and that were deposited into a qualified retirement account. Removes the power of the education savings authority to establish penalties for withdrawals of money from accounts that are not used exclusively for qualified higher education expenses.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2019-01-15 | House | Representative Heine added as coauthor |
2019-01-10 | House | First reading: referred to Committee on Ways and Means |
2019-01-10 | House | Authored by Representative Prescott |
Indiana State Sources
Type | Source |
---|---|
Summary | https://iga.in.gov/legislative/2019/bills/house/1255/details |
Text | http://iga.in.gov/static-documents/9/9/8/2/99828aa6/HB1255.01.INTR.pdf |